75630, Avinger, TX

The Avinger, TX 75630 zip code has a population of around 10,000 people and is located in Williamson County. The median home value in the zip code is $128,000 and the median home equity is $111,500. In terms of monthly mortgage payments, the average mortgage payment for a home in this zip code would be around $1,200.

There are a number of factors that can affect home prices in any given area including interest rates, supply and demand, and local economic conditions. However, one of the most important factors that affects home prices is the level of household debt relative to income. In general, when household debt levels are high relative to income (i.e., when there is too much borrowing going on), it can lead to higher levels of house prices because buyers are more likely to overpay for houses due to their increased confidence in their ability to repay loans. Conversely, when household debt levels are low relative to income (i.e., when there is less borrowing going on), it can lead to lower levels of house prices because buyers are less likely to overpay for houses due to their decreased confidence in their ability to repay loans.

Based on data from Zillow®, it appears that the level of household debt in Avinger is relatively low compared with other areas of Texas. For example, the percentage of households with mortgages that owe more than 90% of their incomes (a measure known as “household leverage”) is only 18% in Avinger compared with 34% statewide and 47% nationwide. This suggests that there may not be as much pressure on house prices in Avinger as there would be if households were more heavily indebted than they currently are.